TechEra Engineering LImited (NSE SME)

Sep 25, 2024 - Sep 27, 2024

Price ₹75 - ₹82
Premium ₹18
Lot size 1600
Allotment Sep 30, 2024
Listing Oct 3, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1600 131200 910
HNI 2 3200 262400 390

Last updated on 27-Sep-2024 18:39:12

CategoryOfferedAppliedTimes
QIB8320002597440031.22
NIB62400080702400129.33
RETAIL14560009794720067.27
Total291200020462400070.27
Retail Apps61217© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹14.24
@8%
₹16.27
@9%
₹18.3
@10%
₹20.34
@11%
₹22.37
@12%
₹24.41
About

TechEra Engineering IPO Details

Issue Size4,377,600 shares
(aggregating up to ₹35.90 Cr)
Fresh Issue4,377,600 shares
(aggregating up to ₹35.90 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue12,143,325
Share holding post issue16,520,925

TechEra Engineering IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot more than 15% of the Net Issue

Key Performance Indicator

KPIMar-24Mar-23Mar-22
ROE30.33%11.78%-64.30%
ROCE23.47%9.71%-29.42%
RONW30.33%11.78%-64.30%
D/E0.91.240.91
EPS
(Diluted)
4.146.19-40.49
P/E
Pre IPO
20.65
P/E
Post IPO
28.09
 

Company Financials

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.

PeriodMar 2024Mar 2023Mar 2022
Assets37.2439.2121.36
Revenue39.0826.597.37
Profit4.821.31-6.29
Net Worth15.911.089.78
Reserves3.76-2.72-4.02
Borrowing14.313.778.87
Amount in ₹ Crore

About Company

Incorporated in 2018, Techera Engineering (India) Limited specializes in the production of assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components, catering to various industries. Leveraging advanced manufacturing technologies like 5-axis machining and 3D modeling, it delivers high-precision solutions to meet the specific needs of its target sectors. The company adheres to strict quality management standards, holding ISO 9001:2015 and ISO 14001:2018 certifications, which reflect its commitment to maintaining quality and environmental management systems. As of September 2024, it employs 177 full-time qualified professionals, ensuring expertise and precision in its operations.

Lead Manager(s)

SKI Capital Services Limited

Strength

Strategic Partnerships: Strong alliances with key nodal agencies in defense, aerospace, and automation sectors enhance the company's market position and capabilities.

Efficient Operations: Robust systems and processes across all functions ensure operational excellence and consistent quality.

Advanced Technology: A strong technology backbone, supported by a team of experienced professionals, drives innovation and precision in manufacturing.

Weakness

Customer Dependence: Reliance on key customers means the loss of any major client could significantly impact the company's revenue and financial stability.

Single Manufacturing Facility: Heavy dependence on one manufacturing facility makes the business vulnerable to operational disruptions, which could adversely affect its performance.

Financial Adjustments: Material adjustments made by independent auditors in financial statements indicate potential financial risks that could affect business transparency and future outlook.

Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/